The copper 3-month price saw a 1.1 percent drop on the LME on Aug. 30, 2012, landing at $7,524 per metric ton and making it the biggest mover of the day on MetalMiner’s copper price index. The cash price of primary copper weakened by 1.0 percent on the LME, settling at $7,540 per metric ton.
The price of US copper producer grades 102, 110 and 122 all fell 0.2 percent. The Japanese copper cash price continues to hover around $8,150 per metric ton for the fifth day in a row.
Chinese copper prices were mixed for the day.
Chinese copper wire ended the day after a 0.4 percent drop yesterday. The price of Chinese copper bar and the copper cash price both declined 0.4 percent. The price of Chinese bright copper scrap remained steady, south of $7,600 per metric ton.